Global Bio-fuels Market, provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. It focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.

One of the procurement best practices for buyers in the global bio-fuels market is to engage with suppliers that have in-house capabilities to produce bio-fuels feedstocks or have tie-ups with farmers. Buyers must prefer to engage with suppliers that have the in-house production capability to produce bio-fuel feedstocks.

According to the report, one of the key growth drivers for the global bio-fuels market is the rise in demand for biogas across end-user industries for generation of electricity and heat which is used as transportation fuel. Also, the rise in demand for biogas is due to the increase in government initiatives regarding the use of sustainable fuels in the production process

Further, the report states that one of the key procurement challenges faced by buyers is the difficulty in estimating the procurement budgets. Typically, bio-fuels are manufactured using raw materials such as soybean, cornstarch, and sugar beets. However, prices of these raw materials are highly volatile due to fluctuating demand and supply of these materials.